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IzzoFx
Apr 12, 2014 12:51 AM

EURJPY 4HR Zone Trading 

Euro Fx/Japanese YenFXCM

Description

EURJPY Zone Trading.

1. I missed the the first Demand Zone TriggerLine by being away from the charts and not setting a pending order to go long @ 140.20

2. I did manage to catch the the touch to the Supply Zone 1 TriggerLine to short @ 141.40. I closed the trade @ 140.80

3. Once again I missed another trade. Price ran up and touched the Supply Zone 1 TriggerLine again. Since this is the second touch, I will no longer trade it. If price closes above the SZ1 then I may consider it as a breakout trade to go long.
Comments
IzzoFx
Price hit the TriggerLine @140.25 and went long. I sold for 60pips @140.85. I originally set my t/p @141.00 but I was seeing Resistance around 140.80 so i decided to play it safe.
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